Federal Bank’s shares surged 27% in three months, driven by Blackstone’s ₹6,000 crore investment and management’s guidance of net interest margin expansion. The capital infusion will fuel growth and potential inorganic opportunities. The bank anticipates NIM improvement due to repricing term deposits and strong CASA momentum.
Source link
Will Blackstone’s Rs 6,196-crore infusion plan propel Federal Bank’s next phase of growth?